MAGIC CITY ENTERPRISES INC (EIN 830271501) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

JEFF GARDNER

Phone

3076378869

Tax Period

2024-07-01 to 2025-06-30

MAGIC CITY ENTERPRISES INC, founded in 1971, is a community nonprofit in the Employment sector that reported $4.7M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE TRAINING, EMPLOYMENT, TRANSPORTATION, AND HOUSING FOR DISABLED INDIVIDUALS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $619,862

Program Service Revenue $4,068,897

Investment Income $54,538

Other Revenue $0

TOTAL REVENUE $4,743,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,568,411

Fundraising Expenses $0

Program Expenses $3,494,813

Other Expenses $1,430,939

TOTAL EXPENSES $4,999,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,743,297	$5,241,577	-0.1%
Expenses	$4,999,350	$5,473,165	-0.1%
Net Income	$-256,053	$-231,588	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$116,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINT O'CONNOR	CHAIR	1.00	Officer Director	$0	$0	$0
JANICE HALDI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MADOKA GRENVIK	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE HANSEN	TREASURER	1.00	Officer Director	$0	$0	$0
DOUGLAS GASSELING	DIRECTOR	1.00	Director	$0	$0	$0
BOB NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
AARON ROYBAL	DIRECTOR	1.00	Director	$0	$0	$0
SCOT SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GARDNER	CEO/PRES	40.00	Officer	$116,500	$0	$116,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,743,297	$4,999,350	$2,709,413	$-256,053
2024	$5,241,577	$5,473,165	$3,100,826	$-231,588
2023	$6,271,928	$5,645,649	$3,316,352	$626,279
2022	$6,047,947	$5,617,067	$3,174,673	$430,880
2021	$7,258,123	$5,937,683	$2,601,918	$1,320,440
2020	$6,063,334	$6,020,103	$1,978,071	$43,231
2019	$6,036,466	$5,753,087	$1,148,026	$283,379
2018	$5,617,550	$5,792,506	$1,099,870	$-174,956

MAGIC CITY ENTERPRISES INC